BlackRock Amends LTC Properties Stake, Signals Continued Investment

TL;DR

**BlackRock updated its LTC Properties holdings, showing continued institutional interest.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of LTC Properties Inc. common stock as of December 31, 2023. This filing, Amendment No. 5, updates previous disclosures about BlackRock's stake in the real estate investment trust (REIT). This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence in LTC Properties' future performance, potentially influencing other investors' decisions.

Why It Matters

This filing shows BlackRock, a major institutional investor, continues to hold a significant stake in LTC Properties, which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate negative or positive risk for the stock.

Analyst Insight

An investor should view this as a routine update from a major institutional holder, confirming BlackRock's continued presence in LTC Properties. It doesn't signal an immediate buy or sell, but rather stability in institutional ownership.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• LTC PROPERTIES INC (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 19, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• BlackRock will maintain a significant institutional stake in LTC Properties Inc. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-000361.txt : 20240119 0001086364-24-000361.hdr.sgml : 20240119 20240119144053 ACCESSION NUMBER: 0001086364-24-000361 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240119 DATE AS OF CHANGE: 20240119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LTC PROPERTIES INC CENTRAL INDEX KEY: 0000887905 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 710720518 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42634 FILM NUMBER: 24545192 BUSINESS ADDRESS: STREET 1: 2829 TOWNSGATE ROAD STREET 2: SUITE 350 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 805-981-8655 MAIL ADDRESS: STREET 1: 2829 TOWNSGATE ROAD STREET 2: SUITE 350 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us5021751020_011924.txt us5021751020_011924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5) LTC PROPERTIES INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 502175102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 502175102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 7486697 (6) Shared voting power 0 (7) Sole dispositive power 7635904 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 7635904 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 18.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- LTC PROPERTIES INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2829 TOWNSGATE ROAD, SUITE 350 WESTLAKE VILLAGE CA 91361 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or princip